Looking to join the millionaire’s club and wondering what it takes? Finding the right occupation is a good place to start. But some surprising occupations hold a greater chance of getting there than others.
According to a report released last week by the Spectrem Group’s Millionaire Corner, the number of millionaire households in the U.S. rose 2% last year to 8.2 million. And capturing the greatest number of millionaire households were ones that included a manager as a breadwinner.
But while managers are tops on the list, accounting for 17% of households with $1 million to $5 million in net assets excluding their primary residence, educators are close behind with 12% of the millionaire pie, according to the report.
That’s right — educators. (Read More)
Educators beat out senior corporate officers, business owners, accountants, sales people, lawyers, doctors and dentists. No wonder teachers and unions fight so hard against reformist governors like Scott Walker.
Update 2: If you have a half hour to kill, watch this Reason TV discussion on public workers.